Latvia\u2019s Financial and Capital Market Commission (FCMC) recently published a digital currency fraud warning. The FCMC\u2019s official statement is titled, \u201cThe FCMC warns investors about possible fraud in cryptocurrency transactions\u201d and warns investors that digital currency-related fraud is on the rise because, \u201ccryptocurrencies operate in an infrastructure that is currently less regulated than the financial and capital markets, which creates opportunities for attempted fraud and undermines public confidence in cryptocurrencies.\u201d What kind of fraud? In particular, the FCMC warns of a type of fraud they are calling \u201cBusiness Clone.\u201d The FCMC describes Business Clone fraud as an individual or group of people acting like legitimate businesses and service providers and eventually getting a victim to believe they are investing in a real asset or corporation. Therefore, getting them to hand over their cash or digital currency to the fraudster. How to protect yourself from fraud \u201cBe careful when seeing ads online and on social media that promise a significant return on investment from cryptocurrency or related products,\u201d says the FCMC. \u201cAlways be careful if you are contacted by strangers who put pressure on you to invest quickly or promise a return that sounds too good to be true.\u201d Unfortunately, digital currency-related crime is continually on the rise. Recently, Lance Morginn, the president of Blockchain Intelligence Group (CNSX: BIGG|OTC: BBKCF| WKN: A2JSKG), gave us some insight into why this might be the case, \u201c You certainly can\u2019t walk in and rob a bank without getting arrested, so it\u2019s a lot easier for guys to be able to sit in their bedroom, through VPN and TOR and these kind of things and really try to make it difficult for law enforcement to track them by traditional means,\u201d said Morginn. Due to coronavirus, the world has been turning to digital solutions which has unfortunately made the internet an even larger hotbed for cybercrime. That being said, we will leave you with one final piece of advice. Whenever money is at stake, you should always do your own research. If you don\u2019t understand how an investment works or you don\u2019t know who you are investing in or with, it is better to not invest at all.